As pointed out to you already in the other thread, it simply will not work.
So only guys that are interested and put their team down as an interested party can bid. That can't work as you are assuming teams can log on every day so when they put their name down they will be available on the third day to make a bid.
Also the timing of the bid could also become an issue. You might be interested on a player but you certainly won't be on (although some people might) if the player is going to be listed at 3am in the morning.
The current bidding process is not perfect but it is far better than what you are trying to do here. Bidding wars are part of the game. If you feel a player is overvalued, don't bid on him...simple as that.